(HBO) - Given complicated developments of COVID-19 across the country, the Hoa Binh People's Committee has directed relevant sectors to strengthen the monitoring of supply and demand and commodity prices in order to keep market prices stable, especially the prices of essential goods, serving people's needs and preventing unreasonable price hikes.
Commercial centers and supermarkets have always ensured the supply of goods to serve consumers’ demand. (Photo taken at the Vincom Plaza shopping center in Hoa Binh City).
Accordingly, commercial activities in the province have maintained stable development. Total retail sales of goods and services in August were estimated at 3,630 billion VND (nearly 159.5 million USD), pushing the figure for the January-August period to 28,975 billion VND, up 15.8 percent on-year and fulfilling 65.16 percent of the yearly plan.
Also in August, the local consumer price index was estimated to increase slightly by 0.05 percent compared to the previous month. Currently, the provincial People's Committee is directing departments, branches and localities to focus on implementing solutions to ensure the balance of market supply and demand, and stocking up on commodity to maintain stable goods prices in the remaining months of the year, especially given unpredictable developments of the pandemic./.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
